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MSI Scalper MT5

This EA is made for M5 timeframe.

The default settings are designed for EURUSD M5. The recommended balance is $100.

Trading is performed during roll-backs on large bars. After a bar closes, a reverse trade is opened. A real or a virtual stop loss, as well as a trailing stop are opened. The EA operation was tested only on EURUSD. Sensitivity and opening frequency are defined by the StartDistance parameter.


EA advantages

  • Adapted to the real trading conditions
  • Opens trades on the closed bar improving the quality of operation and testing in general
  • Uses a stop loss
  • Added a virtual trailing stop (options: normal or virtual)
  • Features money management


Parameters

  • WorkTF - working timeframe
  • BarMode - trade open mode
  • UseVirtualStops - use a virtual stop loss
  • UseRealStops - use a real stop loss
  • StartDistance - signal distance, in points
  • MaximalSpread - maximum spread for opening a position, in points
  • StopLoss - stop loss, in points
  • TrailStart - distance to activate a trailing stop, in points
  • TrailDistance - trailing stop distance, in points
  • TrailStep - trailing stop step, in points
  • Lot - lot volume, 0 = auto lot
  • Risk - risk, % of a deposit for an auto lot
  • Magic - ID of the EA, no more than 6 digits
  • Slippage
  • NumTry - number of attempts to open a trade


Tips

  • Trading on ECN or faster accounts is recommended
  • The EA is very sensitive to spread, it is better to choose a broker with minimal spread but with a commission
  • Make sure to use a VPN with the least delay


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